Year: 2020

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Allianz Chief Economic Adviser Mohamed El-Erian says, “we are in a global recession” as the coronavirus continues to spread across the world. He joins Yahoo Finance’s On The Move panel to discuss. …read more […]

After falling for three straight years on declining sales of hepatitis C drugs, Gilead Sciences’ (GILD) revenues finally seemed to bottom last year, and even resumed growing again. Now there’s hope that the global coronavirus pandemic could give Gilead an additional financial shot in the arm in 2020 and beyond.In a note surveying the “medical view from the front lines” on COVID-19 developments, Cowen analyst Steve Scala sketched out what one hopes will turn out to be the worst case scenario for coronavirus in the U.S.: Peak infections of 100,000 patients — a bit more than China suffered during its …read more […]

Many industries have been slammed by coronavirus social distancing efforts. As the revenue trickles to zero, some CEOs are taking pay cuts. …read more […]

Yahoo Finance’s Rick Newman joins the On The Move panel to weigh in on the latest coronavirus developments. …read more […]

AT&T Inc withdrew plans to repurchase $4 billion in common stock as it was unable to predict the impact of the coronavirus outbreak on its business, the company said on Friday in a regulatory filing. Shares of AT&T fell 8% in midday trade. AT&T said it planned to continue investing in its network and taking care of its employees. …read more […]

Financial firms should be on the lookout for potential market manipulation as the spike in volatility and volumes driven by coronavirus concerns could embolden traders with bad intentions looking to “hide amongst the noise,” Nasdaq Inc said on Friday. The U.S. stock market is on course for its worst month in three decades as fears of the severity of the pandemic have led to a massive sell-off, with the S&P 500 losing nearly 30%, or more than $8 trillion, in value since hitting a record closing high on Feb. 19. As volumes spike, so do the number of …read more […]

LendingTree Chief Economist Tendayi Kapfidze joins Yahoo Finance’s On The Move to discuss how COVID-19 is leaving a drastic impact on the housing industry. …read more […]

U.S. Lawmakers are being criticized after selling millions in stocks before the coronavirus outbreak hit U.S. markets. Yahoo Finance’s Jessica Smith joins the On The Move panel to break down the latest developments. …read more […]

Marina Gross, Portfolio Manager for Natixis Investment Managers Solutions joins Yahoo Finance’s On The Move to break down why institutional investors are selling stocks while retail investors seem to be staying put. …read more […]

We’re in a bear market now, with the major indexes down nearly 30% from their most recent peak. The S&P 500 has fallen from 3,386 – it’s high point on February 19 – down to 2,437 as of this writing. The fall hasn’t been smooth; stocks have bounced down a steep slope marked by sharp spike and deep troughs.So, the markets are stormy, and the bears are here, but a savvy stock trader should always remember what a bear does when the weather changes: it hunkers down, and hibernates for the long haul. It’s a defensive strategy, and investors should …read more […]

As the COVID-19 pandemic is leaving thousands of people jobless around the world, Walmart plans on hiring 150,000 hourly associates in America, as well as rewarding workers with $550 million in bonuses. Yahoo Finance’s Julia La Roche joins On The Move to share the details. …read more […]